Stratex chairman Christopher Hall to step down

AIM-listed exploration and development company Stratex announced the retirement of its chairman Christopher Hall with effect from 31 December.

Hall, who joined the company back in 2008 and was appointed chairman in 2011, had been planning to retire in 2017. However, following the appointment of Marcus Engelbrecht as chief executive in September, on the retirement of founding CEO Bob Foster, he has decided that the time is now right to step down from the board.

Peter Addison, who will take over from Hall at the start of January, said: “The board is extremely grateful to Christopher for his leadership and the valuable contribution he has made to the success of the company."

At 1210 GMT, Stratex shares were up 1.1% to 1.87p.